Sri Lanka GDP to grow at 8% in 2012

Releasing its Asian Development Outlook Update, ADB indicated Sri Lanka’s 8% growth forecast for 2011 and 2012 is intact and is in line with its original estimate. This is on account of robust exports and tourism. However for overall South Asia it revised growth rate downwards to 7.2% for 2011 in the update from 7.5% previously and to 7.7% from 8.1%.